Description
The original family that sold the land for the Bridgewater Lofts development retained a retail commercial condo on the first level for use as a liquor store tenancy. 5,285 sq ft with full glass frontage on the corner of 10th and Washington Ave S. The tenant, 1010 WINE AND SPIRITS, has been in the unit since 2014 and has another 15 years remaining on term including options to renew. Ideal triple net investment with low Landlord involvement. Tenant pays all operating costs and being in the Bridgewater Lofts association there is no maintenance or structural conditions to be an issue in the future for a Landlord. The Bridgewater Lofts are a highly regarded residential condo bldg with an average sale price of over $500,000. Very healthy association to be part of.
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0BEDS
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2.06ACRES
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0BATHS
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01/2 BATHS
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5,285SQFT
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$246$/SQFT
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Listing courtesy of Coldwell Banker Realty.Description
The original family that sold the land for the Bridgewater Lofts development retained a retail commercial condo on the first level for use as a liquor store tenancy. 5,285 sq ft with full glass frontage on the corner of 10th and Washington Ave S. The tenant, 1010 WINE AND SPIRITS, has been in the unit since 2014 and has another 15 years remaining on term including options to renew. Ideal triple net investment with low Landlord involvement. Tenant pays all operating costs and being in the Bridgewater Lofts association there is no maintenance or structural conditions to be an issue in the future for a Landlord. The Bridgewater Lofts are a highly regarded residential condo bldg with an average sale price of over $500,000. Very healthy association to be part of.
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